May Company Has the Following Information Purchases Are Paid as Follows:
75% in the Month of

Multiple Choice

May Company has the following information:
$\begin{array}{ll}\text { Month }&\text { Budgeted Purchases }\\\text { January } & \$ 33,000 \\\text { February } & 37,000 \\\text { March } & 31,000 \\\text { April } & 30,000 \\\text { May } & 27,680\end{array}$
Purchases are paid as follows:
75% in the month of purchase
25% one month after purchase
What is the expected balance in Accounts Payable on April 30?

A) 0
B) $7,500
C) $20,250
D) $30,000